Unitech through its counsel Abhinav Agrawal also informed the court that a developer is interested in buying 11 acres of its land parcel in Bengaluru for Rs 40 crore and is ready to deposit the amount by May 11.

In another case, SC has asked NCDRC not to disburse an amount it had collected from Unitech. The company owed Rs 34 crore to Gurugram authority which NCDRC directed it to pay. The apex court said that it may ask the amount to be transfered to SC's registry.

Amicus Curiae Pawan Shree Agarwal has been allowed to close the Unitech portal with effect from April 12. It also directed Agarwal to publish public notice inviting any objections to sale of unecumbered properties of Unitech and its subsidiaries, informed advocate Ashywarya Sinha, counsel of homebuyers, who was present during the hearing. The cost of notice will be borne by Unitech.

Pioneer Urban Land and Infrastructure, a co-developer of Unitech projects, deposited Rs 10 crore and sought extension of time to pay the rest of the amount.

In a previous hearing held on March 5, Pioneer through its counsel had stated that in the collaboration agreement with Unitech they had a 40 per cent share while a number of execution orders have been passed by the NCDRC against them to pay up the complete amount, which is not fair.

The court had then directed the co-developer to deposit Rs 30 crore by March and Rs 10 crore by mid-April while staying the executive orders by NCDRC.

SC also imposed a cost of Rs 75 lakh on Chennai-based OmShakty Agency for its submission that it cannot deposit Rs 90 crore with the apex court's registry.

The company in February had said that it has entered into an agreement with Unitech to buy two of its land parcels in Chennai. SC had then ordered OmShakty Agency to deposit Rs 90 crore by March 31.

Unitech also requested SC to take action on a writ petition filed by them in Hyderabad high court against Telangana industrial corporation regarding return of money in respect of allotment of a land parcel worth Rs 500 crore.

The allotment of said land was never made though the amount was paid. "Hence we filed a writ petion in Hyderabad HC for the return of the amount," said Agrawal.

SC directed Unitech to serve a copy of the papers pertaining to same to the standing counsel of Telangana.

The case will next be heard on May 2.

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Legal remedies available to homebuyers against builders for unfair practices adopted

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